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Hi portuser
I guess when it comes to these things it will be a matter of preference. Example there are all kinds of beer in sg today, go to any coffeeshop they have all kinds today and different people will like different beer for different reasons. If you see the previous article I do not consider baijiu to be at all expensive if it is "consumed" at every food occasion.
The straits times article is just trying to show which sectors in china that are likely to perform better compared to other sectors during the current slowdown wuliangye the second largest maker of baijiu was given as an example. If you read the article I posted earlier baijiu companies in china have been doing exceptionally well recently and been giving out generous dividends, in light of this trend dukang management has also come out to say they are considering giving out dividends or thinking of doing share buy backs to boost the share prices. Of course I'm hoping the mgt will follow this trend but I guess we have to wait for further announcements to know what they are going to do.
As a stock entry I feel this is a great time to go in as the stock chart shows it has fallen from highs of 90 over cents to low of 20cents. But each his own.
I guess when it comes to these things it will be a matter of preference. Example there are all kinds of beer in sg today, go to any coffeeshop they have all kinds today and different people will like different beer for different reasons. If you see the previous article I do not consider baijiu to be at all expensive if it is "consumed" at every food occasion.
The straits times article is just trying to show which sectors in china that are likely to perform better compared to other sectors during the current slowdown wuliangye the second largest maker of baijiu was given as an example. If you read the article I posted earlier baijiu companies in china have been doing exceptionally well recently and been giving out generous dividends, in light of this trend dukang management has also come out to say they are considering giving out dividends or thinking of doing share buy backs to boost the share prices. Of course I'm hoping the mgt will follow this trend but I guess we have to wait for further announcements to know what they are going to do.
As a stock entry I feel this is a great time to go in as the stock chart shows it has fallen from highs of 90 over cents to low of 20cents. But each his own.